This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own country. The communication between the supervisors is...

We live in a service economy, but the extent of development of service employment differs across developed countries. This paper assesses the role of structural factors and institutions in explaining the common patterns and main differences in the recent expansion of service employment in OECD...

In a payment card association such as Visa, each time a consumer pays by card, the bank of the merchant (acquirer) pays an interchange fee (IF) to the bank of the cardholder (issuer) to carry out the transaction. This paper studies the determinants of socially and privately optimal IFs in a card...

The paper presents an analysis of the trade-offs of participants of different type between payment delay and liquidity requirement on the basis of synthetically generated data. The generation of the synthetic transaction data set for a simple RTGS system is described and calibrated using real...

On 23 January 2013, the Coordinators of the Committee on Industry, Research and Energy (ITRE) requested a Cost of Non-Europe report with regard to the Single Market for Energy to support the preparation of an own-initiative report entitled ‘Making the internal energy market work’...

E.ON Sverige AB is the second largest energy producer in Sweden and, with about 6,000 employees, is also one of the largest employers in the country. (E.ON Sverige AB was known as Sydkraft AB until 2005; however, the company will be referred to as E.ON Sverige throughout this study in order to avoid...